₦airaland Forum

honeric01:
E go be.

Honeric,na u be this? long time man

JAZES:
Y u come dey cry now?
Abeg make una dariji this guy ooo.LWKMD

Naijababe, na u dey reing now oo

silibaba:
am sorry

Y u come dey cry now?
Abeg make una dariji this guy ooo.LWKMD

tonjoan:
Agreed. The charts are still looking down.

Sure, it must come down some more.

[quote author=pip love-vendor link=topic=800194.msg9559085#msg9559085 date=1321334354]Reason why indicators are so dangerous. . . .[/quote]You are right my brother. Taking trades based solely on indicators is very dangerous, which is
why i always advocate price action and a little knowledge of general market sentiments.
Its obvious from the daily chart that EU will get to around 1.3500 area before we see any
retracement, GU should fall some more too and couple with all the crisis in Europe we should still
more southwards movement.

unclenna:
buy high and sell low , i no fit shout LOL, THIS STATEMENT SHOULD BE TRANSFERRED TO THE JOKE SECTON

LWKMD @ moving it to d joke section.
The guy no try at all. LOL

Mario Monti has been appointed to head Italys emergency government
aimed at implementing a series of unpopular austerity measures.
The next hurdle in Italy's debt drama is Mondays 5-year
auction in Italian govt bonds due to raise EUR 3 bln.

tonjoan:
LOL. As exotic as wild cats. How was your weekend bro?

Fine man. Keep pipping like a fish in the water.

dboy365:
Martin Schwartz: ‘The Pit Bull’s Guide To Successful Trading’. Page 287:

I’ve said it before, and I’m going to say it again, because it cannot be overemphasized: the most important change in my trading career occurred when I learned to divorce my ego from the trade. Trading is a psychological game. Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself. You have to stop trying to will things to happen in order to prove that you’re right. Listen only to what the market is telling you now. Forget what you thought it was telling you five minutes ago. The sole objective of trading is not to prove you’re right, but to hear the cash register ring.

‘Worst Fears Not Realized’

I have stated before that whenever your worst fears are not realized about a trade and the market is letting you out better than you expected, it is not just luck. Rather your position is most likely correct and should not only be held but perhaps added to.

Add to your winning positions. Reduce your losing positions.

Welcome all to pips-filled week!

WORD MAN Well spoken.

tonjoan:
Means over the weekend international trades transactions were on-going and so exchanges took place. The gap is the reflection in the charts of those excahnges.mourinho, your pairs[b] AUDNZD[/b] and[b] EURNZD[/b] tanked considerably at the gaps. Congrats

All these exotic pairs, na wa ooo. I no dey go near them ooo, i hail una ooo.

[quote author=pip love-vendor link=topic=800194.msg9547796#msg9547796 date=1321204915]No strategy on earth is infallible . . .anyone that says otherwise is dellussional,  . . but this strategy has a 90% success rate. . . the only reason it is not successful 100% is due to emotions. . . .impatience and of course greed in not maintaning money management rules. To trade this way you must ask yourself these questions. 1. . . can you hold a trade for two months?. . . . 2. . can you forego shorter time frames and focus on 4hr to weekly timeframes?. . . 3,  . .can you maintain your discipline and stay true to money management rules? if there is any doubt to any of the questions then this strategy is not for you. i have managed to narrow down 5 crucial waves patterns which i'm calling the mourinho wave pattern. . . .in dedication to naijababe . . . . . .all beginning with a symmetrical triangle. . . . .it is so accurate it is uncanny and it scares even me. with this strategy i was able to identify with no doubt that these pairs are heading towards these directions. . . .usdjpy long 8200. . .eurcad short 13500. . . audnzd short 12890. . .gbpusd short 15739. . . eurusd long*1400. . . silver short 26**. . .they are in their 5th and final wave pattern and it's going to be nasty. the only flaw in the strategy is news breakouts which is where the 300 pip stop loss comes in. . . . .pair correllation and the trader himself. Dont ask me to break it down just yet. . . .i will in due time. . ,  . .just enjoy the alerts for now. . . . . . . Goodluck

p.s. . . eurusd has already started as put out last week to 14***. . . .and also gbpaud long 19***[/quote]I totally agree with the portion in bold that "No strategy is infallible". It shows you have been in
this game a while, not like folks looking for holy grail. There is no holy grail in forex and this brings me to
what happened to a friend of mine recently.
The guy stumbled on all this so called marketers who will tell you there signal service is the best in the
world, they even went as far as saying they use the same service banks use. To cut the long story short
my friend subscribed to their service thinking that he has found the holy grail, he trust them so much that
he will risk everything in his account for any trade signal they give. He lost $10k in 3days using this people's
service, when he showed me the signal they sent to him i couldn't believe my eyes because even some1 who just
started reading this our lovely thread will not fall for that.

My conclusion is simple: No Holy Grail In Forex. Dont let anyone deceive you, keep your focus
on the chart, learn PRICE ACTION which reveals major key levels and you will be smiling to the bank.

Lastly, never take for granted the little information you are getting on this thread because its FREE.
Trust me many people are paying through their nose to have access to such information.
MAY THE PIPS BE WITH US ALL THIS WEEK.

Zeddicus:
Nice post. My major issue with the daily chart tho,is profit taking. There are times when you get out with a reasonable number of pips only for the market to move more in your direction. Atimes you place your TP around the next R/S only for the market to change course before getting there, thereby turning winners to losers atimes. So for sometime now,i have decided that its better to be moderately profitable while also keeping out an eye for the big moves. I enter with 2 lots and 1st lot at 100pips TP and second lot without a TP. When the first hits,i move second to BE and trail with my 'modified PSAR'. It has been working but there are still times when the second lot hits BE,only for price to turn back and continue in the direction which can be annoying. This method is good (you catch huge movements atimes) but i know things can be a lot better. Any ideas?

I totally agree with you on the profit taking part and it took me a while
to solve that part myself. What i do now is to take d profit in part as u mentioned
above and allow the market do whatever it wants to do.
Truth is trends are always clear on d higher time frame than the lower TF and i prefer
d higher TF because i dont really like d idea of sitting in front of d platform all day long.

asha 80:
oh lord such reasoning. na wao. amosun that was once in anpp, cpc and now acn?

My thought exactly.

FOREXMART:
Ok new comers if you wanna come up to speed with whats going here I suggest u go back to at least page 50 of season two instead of barging in and making a silly look of yourselves. Who seconds that?

Pip love-vendor, naijababe, Unclenna and fellow traders how una dey? Am still working on making that paradigm shift to high time frame.

Love yall.

Higher time frame tells it all, thats where you will be able to see
major and important key levels.
I suggest you start your analysis starting
from the weekly chart, then proceed to the daily chart and then d 4hr chart
b4 entering a trade on d one hour chart or lower time frame. Na just suggestion ooo

I personally use the weekends to study the market and plan for d week ahead. At the end of
each day, i take time to look at what d market has done for d day to see if price is approaching
any major level. My sentiments is based most time on the daily chart during the week because its
easy to see key levels based on price action on the daily chart than on the weekly chart.
My 2cents

Just few days into season3, we are already on page9.
It shows that people are following this thread.

Good to see season3 ooo,

You can fund your Liberty reserve account
on our website. We have served more than 2,000 Nigerians
and around the world.
I have so many clients here on Nairaland too.
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Cheers
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cristog120:
the best broker that doesnt have issues is liteforex.org.ive been using them for three years now

You must be joking. I wont even tell my enemies to use them

Truth is if you are not a scalper you will not have problem
with most of these market makers.

Donlittle:
no ooo, guess what? her legs looks like that of those mammy waters, since she is a mammywater, i will marry her, she will make me rich

Lolllllllllll . LWKMD

Dyt:
Studio left me wit ow 9babies
2buff!!!
Passioanate winks

@DYT, have we met b4

[quote author=sun_temi link=topic=797966.msg9507391#msg9507391 date=1320775641]Eyahh, Nice her and lucky you.[/quote]Thanks man. Let me make it clear that we are not dating ooo.
We are just very good friends,from d word go we just clicked as
friends and nothing more. She dey tell me about her escapades and i
dey tell her about mine, nothing more.We dey talk about just anything.
She is d best Sister i never had.

Dere I:
When asking for permission to mention her name here, also ask her if she'd like to be my friend too,   

Lol. . I feel you my sister

kings112:
realy ?

Yes oo. She is so nice that she bail me out when i was so down financially.
She gave me 20k when i was at the bottom of d bottom, d money be like 20M
then ooo.
Like i said we are still very good friends till date. I for mention her name here but i need
to ask first if its cool with her.

stagger:
I would have loved to send you the article but I am gagged by an NDA. I have to wait until it is published before putting up a link to it.

Fact is that practically, NDD brokers are STP brokers. They send your orders straight to the liquidity provider and the quotes you see are from the liquidity provider. There is no problem with re-quotes and slippage.

The DD brokers (also known as market makers) usually receive a quote from the liquidity provider, adjust it and then feed the quote to you. In essence, if the market makers get a quote of 1.4020/1.4023, they will purchase from the liquidity provider and probably sell to you at 1.4025/1.4028. So they make a spread profit of 3 pips on your order from the get-go.

This is why with market makers, they lose money when you make money and vice versa. Woe betide you if your trade is a losing one; some unscrupulous market makers will trigger your stop loss even if the price is 5 pips away. This is done at their dealing desk.

That is why you may open charts of three different brokers and you see 3 different price actions for each broker.

The problem is that STP brokers and NDD brokers usually charge a commission for trades (in addition to spread), or they may ask for you to open a large account (some STP brokers require you open an account with as much as $50,000, and put a floor on the minimum lot size you can use for orders), or may require both.

This is why many traders cannot afford to use them and then lie at the mercy of the DD brokers. Perhaps if you are as loaded as Odiaero, then you can afford to use an STP broker.

Spot On

I have met couple of NLers strictly on business basis
and one chick. She is such a lovely person and we are still
friends till date.

Mr Temple:
@khayc,
pls let me ve your contact I nid 2 ask u sumtins.
spicybiggy@gmail.com

Be careful what you wish for man.Not everything that glitters is
gold.

odiaero:
Are we there yet?

Nope

HECTORBOSS:
I found a secret site where the minimum entry for forex is $500,000. Bigger boys league. A lot goes on till you actually gain access.

hmmnnnn, does the amount u invest in forex guarantee u make profit?
I have seen a $250k acct reduced to $3k in 3weeks. Secret site indeed.

[quote author=pip love-vendor link=topic=743770.msg9491602#msg9491602 date=1320569188]maybe i have to break it down. . . .

hold calculator in left hand. . . . .punch in 20k with right fore finger. . . . . . .multiply by 6. . . . . divide by 100. . . .result will be the total amount you should use on the trade. . . . . . . .divide the result by 300. . . . .  the result will be the total lot size you should use. . . . . .if you multiply 300. . . .which is your stop loss by your lot size. . . . .which should be 4 will give 1200 with is 6% of 20k. . . enjoy[/quote]6% is a little bit on the high side to risk on a trade but as long it gets u there.
I stick to 2%-4% per trade because i know if a trade goes against me i will recover on time,
i never start to be consistent in this biz until i agree with d fact that loss is part of d game.
My 2cents

Are we there yet?

honeric01:
Hello pipslogians, long time o, alot has happened all these while. Good 2 visit dis page once more. God dey.

Where u been go since? I don miss u for here oooo.

GUYS,
Liberty Reserve is very much available oooo, in case u want to sell your LR
dont hesitate to contact swiftecurrency. Please see my signature below for details.

Koolking:
is he pastor tunde bakare's son, just asking pls

Yes,the last Son of his last wife.

fiverr:
Thanks for this great info.
Hope it is accepted by all merchants online.

Facebook, namecheap, hostigator, aliexpress, fiverr, ?

I hope so too oo